Streetbeat News

CINT

CI&T Inc

https://www.ciandt.com

Industry

Software - Infrastructure

CI&T Inc., together with its subsidiaries, provides strategy, design, and software engineering services to enable digital transformation for enterprises worldwide. It develops customizable software through the implementation of software solutions, including machine learning, artificial intelligence, analytics, and cloud and mobility technologies. The company was founded in 1995 and is headquartered in Campinas, Brazil.

Open

6.60

Mkt cap

903M

Volume

4.1K

High

6.76

P/E Ratio

45.00

52-wk high

8.04

Low

6.60

Div yield

N/A

52-wk low

3.34

CI&T reported Q2 adjusted EPS of $0.09, beating the estimate of $0.06.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 11:09 am

CI&T expects Q3 net revenue to be at least R$591M, representing an 11.7% year-over-year growth. For the full year of 2024, the company has increased its guidance, expecting net revenue growth at constant currency to be between -0.5% and +2.5% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 10:50 am

CI&T (NYSE:CINT) reported Q2 2024 earnings of $0.07 per share, missing the analyst estimate of $0.21 by 69.05%. The company also reported sales of $108.60 million, which missed the estimate of $543.74 million by 80.03% and represents a 5.99% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 10:47 am

U.S. stocks surged on Thursday, with the Dow Jones climbing over 550 points and the S&P 500 gaining for the sixth consecutive session. Positive economic data, including a 1% rise in retail sales for July and a decline in initial jobless claims, contributed to the market's performance. Alibaba reported disappointing sales, while Walmart posted strong Q2 results and raised its full-year guidance. Cisco Systems saw a significant rise in its stock price following better-than-expected earnings. Investors are now awaiting earnings results from Madison Square Garden Entertainment, CI&T, and Flowers Foods.

Portfolio Pulse from Avi Kapoor

August 16, 2024 | 6:46 am

Several stocks are poised to capture investor attention today. Madison Square Garden Entertainment Corp. (MSGE) is expected to report a quarterly loss, while Applied Materials, Inc. (AMAT) reported better-than-expected Q3 results but provided a mixed Q4 outlook. CI&T Inc. (CINT) and H&R Block, Inc. (HRB) both reported strong earnings, with HRB also increasing its dividend. Flowers Foods, Inc. (FLO) is expected to post quarterly earnings before the market opens.

Portfolio Pulse from Avi Kapoor

August 16, 2024 | 6:38 am

CI&T Inc. (NYSE:CINT) is set to release its Q2 earnings on Aug. 16, 2024, with analysts expecting a decline in both earnings per share and revenue compared to the previous year. Despite this, recent analyst ratings have been positive, with price targets being raised and coverage initiated with favorable ratings.

Portfolio Pulse from Avi Kapoor

August 16, 2024 | 4:49 am

Ouster, Inc. (NYSE:OUST) reported weak second-quarter sales and issued disappointing third-quarter revenue guidance, leading to a 16.9% drop in pre-market trading. Brinker International, Inc. (NYSE:EAT) also saw a 15.7% decline after reporting worse-than-expected fourth-quarter adjusted EPS and issuing weak FY25 guidance. Other companies like Acelyrin, Inc. (NASDAQ:SLRN), CI&T Inc. (NASDAQ:CINT), iLearningEngines, Inc. (NASDAQ:AILE), CompoSecure, Inc. (NASDAQ:CMPO), and NetEase, Inc. (NASDAQ:NTES) also experienced pre-market losses.

Portfolio Pulse from Avi Kapoor

August 14, 2024 | 12:27 pm

Perion Network Ltd. (NASDAQ:PERI) lowered its revenue forecast, causing its shares to drop 21% in pre-market trading. Skye Bioscience, Inc. (NASDAQ:SKYE) shares tumbled 45.2% after a failed clinical trial. Other stocks like CI&T Inc. (NYSE:CINT), Sify Technologies Limited (NASDAQ:SIFY), and Ecarx Holdings Inc. (NASDAQ:ECX) also saw significant declines.

Portfolio Pulse from Avi Kapoor

June 10, 2024 | 12:10 pm

The article highlights the pre-market movements of various Information Technology stocks on Monday. Notable gainers include Spectaire Holdings (SPEC), Presto Automation (PRST), and NiSun Intl Enterprise Dev (NISN), while significant losers include QXO (QXO), CI&T (CINT), and SecureWorks (SCWX).

Portfolio Pulse from Benzinga Insights

June 10, 2024 | 12:06 pm

The article highlights the intraday movements of various Information Technology stocks on Friday. Notable gainers include AEye, CI&T, Strong Global, Schmid Group, AudioEye, and Research Frontiers. Significant losers include Ascent Solar Technologies, TROOPS, Actelis Networks, Workday, Nvni Group, and CXApp.

Portfolio Pulse from Benzinga Insights

May 24, 2024 | 4:30 pm

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